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- Thursday, 22nd September,
- St. Mary’s Stadium, Southampton, Hampshire
- Themes and Emerging Objectives of RES 2006
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- The South East economy –
- huge competitive advantage but facing challenges
- RES Themes:
- Global competitiveness – the
game is changing
- Productivity, skills and
infrastructure – the central challenges
- Sustainable development –
unresolved tensions?
- An emerging vision for the Regional Economic Strategy
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4
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5
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6
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8
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- Diverse: Urban, Rural & Coastal; great Quality of Life
- GVA £27 billion; very low unemployment
- Specialisation in high-tech & growing sectors, e.g. aerospace,
defence, ICT, retail, tourism, leisure & marine
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- Diverse: Urban, Rural & Coastal; great Quality of Life
- GVA £27 billion; very low unemployment
- Specialisation in high-tech & growing sectors, e.g. aerospace,
defence, ICT, retail, tourism, leisure & marine
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- Pockets of deprivation especially
along coast
- Pressure on infrastructure (employment land & transport)
- Lower skills & wage economy than some other areas of SE
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- Pockets of deprivation especially
along coast
- Pressure on infrastructure (employment land & transport)
- Lower skills & wage economy than some other areas of SE
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- Some Pointers from the East:
- Mind-set for change
- Governance for action
- Strategic Focus for results
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- Some Pointers from the East:
- Mind-set for change
- Governance for action
- Strategic Focus for results
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- Some Pointers from the East:
- Mind-set for change
- Governance for action
- Strategic Focus for results
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- In 1996, productivity per hour worked -0.9% below UK average
- By 2003 +6.5% above the UK average
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- Economic activity has risen from 82.3% in 1997 to 82.5% in 2003
- Employment rates have risen from 77.9% in 1997 to 79.3% in 2003
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- one in five people of working age is not economically active
- One in four females of working age is not economically active
- Over 50% of SE region’s benefit claimants live in the coastal region
- Almost 10% of working age people have not qualifications
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- “Skills are not the answer, but
there can be no
- answer without skills” –
University of Sydney
- “In terms of economic
performance, higher levels of skills are a necessary but not sufficient
condition for success” – Universities of Oxford and Warwick Business
School
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- Some knowledge-driven sectors, firms and occupations
- But small relatively – Wal Mart versus Microsoft
- Estimated that, by 2010
- 41% of the UK workforce will be knowledge workers
- 22% will be working in personal
service occupations, and
- 37% engaged in various forms of
routine production
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- Strong job growth at top and bottom.
- So
- More managers and professionals
- More sales and personal service workers
- Intermediate level work declining as a
- share of the whole – leading to a US-style
- ‘hourglass’ economy.
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- Competing Globally – Enterprise & Innovation
- Raising Skills Levels
- Fostering a Participative Labour force
- Improving Quality of Life through effective use of land, infrastructure
and the way we work
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44
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- The South East will achieve sustainable prosperity which:
- Builds on excellence and plays to its strengths
- Invests in potential across the region and reduces underperformance
- Safeguards the quality of life that contributes to the competitive
advantage of the South East
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Notes
